Mānuka Health returns to profit

Mānuka Health has grown into a global brand. (Image: Hawkes Bay Today)

Thu, 21 Nov 2024

Mānuka Health is back in black after reporting a net profit of tax of $4.0 million this year, despite a fall in revenue. The mānuka honey exporter posted a net loss of $5.6m last year. Revenue from sales for the June 30, 2024 year was $110.8m, compared with $122.1m in 2023.Australasian revenues were $15.4m, down from $21.2m in 2023. Revenue from the rest of the world was $95.3m compared with $100.8m last year.The move from loss to profit has largely been driven by “other’ net operating income and expenses after taking...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s character homes won’t solve the housing crisis.

Maria Slade 5:00am

Technology

Creative HQ pushes startups out the door

The innovation hub's alumni companies are valued at an estimated $1.3b.

Greg Hurrell 5:00am

Creative HQ pushes startups out the door

Business

NZ agency Thompson Spencer enters Australia post-merger

More Australian offices and acquisitions could be on the cards, co-CEO says.

John Anthony 5:00am

NZ agency Thompson Spencer enters Australia post-merger

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Primary Sector

Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025

Primary Sector

Urgent call for change in lagging agri-products approval pathway

But the regulators say changes are being made.

Riley Kennedy 17 Apr 2025

Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025

Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025

Mānuka Health returns to profit

More Primary Sector

Your company has a subscription

Team